Current grey market premium is Rs3
BBN Bureau
Mumbai: In three days of bidding from Wednesday to Friday last week, Bharti Hexacom IPO issue worth ₹4,275 crore was subscribed around 30 times. The retail portion of the book build issue was booked 2.83 times, the NII portion was subscribed 10.52 times whereas the QIB segment was subscribed 48.57 times.
In the wake of the T+3 listing rule, the Bharti Hexacom IPO listing date is most likely on the third working day after the end of the Bharti Hexacom IPO subscription. As the Bharti Hexacom IPO subscription ended on 5th April 2024 and the next two days are weekends, we can expect the Bharti Hexacom IPO listing date on 10th April 2024 i.e. on Wednesday next week. Likewise, the Bharti Hexacom IPO allotment date can be expected on Monday next week i.e. on 8th April 2024.
Grey Market Premium
As per the market observers Bharti Hexacom IPO GMP(grey market premium) on Saturday (April 6) is Rs62, which is unchanged from its Friday GMP. They said that on Friday, Bharti Hexacom IPO GMP had surged from Rs59 to R62, recording a Rs3 per share rise in the grey market. Observers went on to add that the grey market has managed to remain steady regarding Bharti Hexacom IPO despite high volatility in the Indian secondary market. They said that the tepid response by the retail investors also failed to dent grey market sentiments as the public issue received a strong response from QIB investors.
